Flex (NASDAQ:FLEX) Issues FY 2027 Earnings Guidance

Flex (NASDAQ:FLEX) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 4.420-4.740 for the period, compared to the consensus earnings per share estimate of 4.460. The company issued revenue guidance of $33.7 billion-$35.2 billion, compared to the consensus revenue estimate of $33.3 billion. Flex also updated its Q2 2027 guidance to 1.000-1.070 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FLEX. Barclays increased their price target on shares of Flex from $174.00 to $203.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Freedom Capital upgraded shares of Flex from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Zacks Research cut shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. KeyCorp raised their target price on shares of Flex from $75.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Flex in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.70.

Flex Stock Performance

Shares of NASDAQ FLEX traded down $11.54 during trading hours on Wednesday, reaching $101.74. 4,975,047 shares of the stock were exchanged, compared to its average volume of 5,182,663. The firm has a market capitalization of $37.28 billion, a price-to-earnings ratio of 43.58, a P/E/G ratio of 0.61 and a beta of 1.64. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 1.36. Flex has a 52 week low of $47.83 and a 52 week high of $166.86. The stock’s fifty day simple moving average is $140.84 and its 200 day simple moving average is $98.96.

Flex (NASDAQ:FLEX) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.10. Flex had a return on equity of 22.12% and a net margin of 3.15%.The business had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same period in the previous year, the company posted $0.72 EPS. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. Flex has set its Q2 2027 guidance at 1.000-1.070 EPS and its FY 2027 guidance at 4.420-4.740 EPS. Sell-side analysts predict that Flex will post 4.18 EPS for the current year.

Insider Activity at Flex

In other Flex news, CEO Revathi Advaithi sold 39,188 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $145.18, for a total transaction of $5,689,313.84. Following the transaction, the chief executive officer owned 584,278 shares in the company, valued at $84,825,480.04. This represents a 6.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Daniel Wendler sold 1,311 shares of Flex stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $145.20, for a total transaction of $190,357.20. Following the completion of the sale, the chief accounting officer owned 37,932 shares of the company’s stock, valued at approximately $5,507,726.40. The trade was a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 769,195 shares of company stock valued at $110,116,823. 0.62% of the stock is currently owned by insiders.

Trending Headlines about Flex

Here are the key news stories impacting Flex this week:

• Positive Sentiment: Strong quarterly beat: Flex reported adjusted EPS of $1.00, versus the $0.90 consensus estimate cited by analysts, while revenue reached $7.93 billion, above expectations of approximately $7.53 billion. EPS increased from $0.72 a year earlier, and sales rose 20.6% year over year. Flex Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Raised guidance exceeds estimates: Flex forecast second-quarter fiscal 2027 EPS of $1.00-$1.07 and revenue of $8.0-$8.3 billion, ahead of consensus estimates of $0.98 EPS and $7.8 billion revenue. Full-year EPS guidance of $4.42-$4.74 brackets the $4.46 consensus, while projected revenue of $33.7-$35.2 billion exceeds the $33.3 billion estimate.
• Positive Sentiment: Technical and analyst support: Zacks said the stock’s recent trading pattern formed a potential “hammer” signal, which can indicate support after a decline. The firm also cited upward earnings-estimate revisions as a possible catalyst for a near-term rebound. Flex Could Find Support Soon
• Neutral Sentiment: Planned spin-off advances: Flex named leadership teams for the company and SpinCo, its planned independent cloud and power infrastructure business. The separation is expected in the first calendar quarter of 2027 and could sharpen each company’s strategic focus, though it also introduces execution and transaction risks. Flex Announces Leadership Teams
• Negative Sentiment: Possible sell-the-news pressure: The strong results and outlook have not prevented a recent decline in FLEX shares. With the stock trading well above its 200-day average and at a relatively elevated earnings multiple, investors may be locking in gains or demanding further upside beyond the guidance increase.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. State Street Corp lifted its stake in Flex by 38.0% in the 2nd quarter. State Street Corp now owns 12,259,554 shares of the technology company’s stock valued at $611,997,000 after purchasing an additional 3,377,669 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Flex by 694,916.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,641,062 shares of the technology company’s stock worth $159,573,000 after buying an additional 2,640,682 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Flex by 118.1% during the third quarter. Qube Research & Technologies Ltd now owns 2,811,248 shares of the technology company’s stock worth $162,968,000 after buying an additional 1,522,308 shares in the last quarter. Amundi lifted its stake in shares of Flex by 610.3% in the 4th quarter. Amundi now owns 1,293,865 shares of the technology company’s stock valued at $78,175,000 after acquiring an additional 1,111,708 shares during the last quarter. Finally, Bank of Nova Scotia bought a new position in shares of Flex in the 4th quarter valued at $51,328,000. Institutional investors own 94.30% of the company’s stock.

About Flex

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.